Mortgage Loan Officer
Self-Help Credit Union
Mortgage Loan Officer
Self-Help Credit Union
Nonprofit credit unions financing housing
Job Description:
WHO We Are:
Self-Help started in 1980 with a focus on economic inequality especially in communities that have faced systemic barriers to building wealth. At the core of what Self-Help does is a drive to create and protect ownership and economic opportunity. In other words, we’re committed to economic justice! Economic Justice means that all communities have the basic infrastructure they need to thrive, from high-quality schools to grocery stores selling fresh food resources that support opportunity at a neighborhood level regardless of demographics, income, or wealth. Since our founding, we’ve constantly sought new ways to pursue greater economic justice: from providing fair and affordable loans to working with partners to demand that lawmakers change unjust policies.
We are looking for a Mortgage Loan Officer to join our Manchester, CT team!
Position Summary:
Provide information on credit union products and services to potential borrowers according to all credit union policies and procedures as well as Federal and State rules and regulations. Interviews all applicants for real estate loans. Prepares, analyzes, processes and documents all required forms and related documents for real-estate loans. Approves or denies loan applications based on analysis of each applicants background. Responsible for promoting credit union products and services to ensure meeting productivity goals.
What you'll do:
LOAN MANAGEMENT/BORROWER ADVISEMENT
Meet with loan applicants to discuss viable mortgage options, counsel on credit and budget, develop roadmap and process for mortgage approval and assist with the loan application process. Achieve productivity goal as set forth by manager.
Prequalify loan applicants by examining all borrower information and documentation, assessing credit-worthiness, adequacy of income, credit and collateral and calculating repayment risk. Determines the maximum purchase price/loan amount based on borrower data. Approve or deny real-estate loan applications that do not meet pre-qualification standards, and explain reasons for denial.
Gather and review necessary data to complete the loan review process including credit bureau reports; verifying debts and estimating monthly payments for any outstanding debts not listed on application and ensuring they are added to application.
Comply with all federal and state mortgage regulations and disclosure requirements.
Prepare mortgage loan application and documentation for underwriting and closing. Ensure that each real-estate loan is processed accurately, troubleshoot any issues that may arise during the processing period, and maintaincommunication with borrower throughout processing period, as needed.
BUSINESS DEVELOPMENT
Develop mortgage loan business through continual identification, development and maintenance of a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities. This network may consist of Real Estate professionals, builders, and professional contacts, as well as other valuable referral sources enhanced by regular participation in business related development opportunities, community efforts to promote homeownership and professional organizations.
May oversee responsibilities of Mortgage Loan Assistant, if appropriate. Perform other duties as may be deemed necessary.
What you'll need:
2years’ of experience in mortgage, banking or other relevant experience.
Experience in consumer lendingpreferred.
Ability to represent Self-Help in networking functions and to develop and maintain key realtor and other relations that generate attractive loan/borrower referrals.
Strong analytical and quantitative skills and ability to independently handle loan applications and assess borrower ability to successful repay loans.
Ability to consistently follow guidelines for file quality.
Ability to consistently meet productivity goals.
Ability to secure and maintain NMLS certification.
Ability to work collaboratively on team
Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization
Strong organization, computer and customer service skills
Strong communications skills including strong writing skills and presentation skills.
Ability to travel and work evenings and weekends as needed
Bilingual Spanish/English a plus.
Proficiency with Word, Excel and PowerPoint
Compensation Range: $63,600-$95,400
Self-Help is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Company Disclaimer:
Self-Help is committed to providing equal employment opportunities to all persons, regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression (including transgender status), age, sexual orientation, military and veteran status, class or family status.
Nonprofit credit unions financing housing
Self-Help Credit Union is a nonprofit network that provides fair and responsible mortgages and small business loans to borrowers in North Carolina, California, and beyond, helping them build wealth. It finances affordable housing, childcare centers, public charter schools, faith-based organizations, and community-focused commercial real estate to strengthen underserved areas. Its integrated model includes two credit unions, a loan fund, and a research and policy group that studies financial markets and advocates for policies to reduce poverty and expand ownership. Its goal is to create and protect ownership and economic opportunity for all by expanding access to fair credit and affordable financing, while educating policymakers and lenders to lower the cost of poverty.
Explore more opportunities at Self-Help Credit Union